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Visteon Corp (VC.N)

VC.N on New York Stock Exchange

95.71USD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Visteon enters into master confirmation, supplemental confirmation with UBS AG
Tuesday, 28 Feb 2017 07:22am EST 

Visteon Corp : Visteon - On Feb. 27 entered into master confirmation and supplemental confirmation with UBS AG to purchase its shares of stock for payment of $125 million . Visteon Corp says final settlement of transaction under ASB agreement is expected to occur by May 8, 2017 - SEC filing . Visteon Corp says under terms of ASB agreement, expected to receive on or about March 2, 2017 an initial delivery of about 1 million shares of co Source: (http://bit.ly/2lPdukl) Further company coverage: [VC.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Visteon sees FY 2017 electronics product group sales $3.1 bln - $3.2 bln
Tuesday, 10 Jan 2017 06:59am EST 

Visteon Corp :Sees fy 2017 electronics product group sales $3.1 billion - $3.2 billion.  Full Article

Visteon announces new $400 mln share repurchase authorization
Tuesday, 10 Jan 2017 06:50am EST 

Visteon Corp - : Visteon announces new $400 million share repurchase authorization . Visteon expects to fund repurchases through excess cash on hand. .Authorized a share repurchase program of up to $400 million of common stock to be executed through March 2018.  Full Article

Visteon Q3 adjusted earnings per share $1.10
Thursday, 27 Oct 2016 06:55am EDT 

Visteon Corp : Visteon announces third-quarter 2016 results . Q3 adjusted non-gaap earnings per share $1.10 . Q3 earnings per share $0.81 . Q3 sales $770 million . Visteon corp - increased low-point for full-year 2016 guidance for adjusted ebitda and adjusted free cash flow . Visteon corp - 2016 electronics product group sales guidance is $3.1 billion . Visteon increased low-point for full-year 2016 guidance for adjusted ebitda and adjusted free cash flow . Visteon corp - 2016 adjusted ebitda for electronics product group is projected in range of $325 million to $335 million . Visteon corp - 2016 adjusted free cash flow for electronics product group is projected in range of $125 million to $150 million . Sees fy 2016 electronics product group sales guidance is $3.1 billion . Sees fy 2016 adjusted free cash flow for electronics product group is projected in range of $125 million to $150 million . Q3 earnings per share view $0.79 -- Thomson Reuters I/B/E/S .Q3 revenue view $778.8 million -- Thomson Reuters I/B/E/S.  Full Article

Visteon Q2 earnings per share $0.76
Thursday, 28 Jul 2016 06:55am EDT 

Visteon Corp : Q2 adjusted earnings per share $1.22 excluding items . Q2 earnings per share $0.76 . Q2 sales $773 million . Q2 earnings per share view $0.67, revenue view $821.1 million -- Thomson Reuters I/B/E/S . Says Reaffirmed 2016 Full Year adjusted ebitda and adjusted free cash flow guidance . Says electronics backlog of $15.9 billion at quarter-end . Qtrly electronics sales totaled $762 million, a decrease of $18 million from Q2 last year . Says established a range for electronics product group sales guidance of $3.1 billion to $3.2 billion for full-year .Year adjusted EBITDA and adjusted free cash flow guidance; established sales guidance range of $3.1 billion-$3.2 billion.  Full Article

Visteon Names William M. Robertson Interim Chief Financial Officer
Thursday, 31 Mar 2016 06:55am EDT 

Visteon Corporation:Says William M. Robertson, currently the company's vice president and corporate controller, will serve as chief financial officer on an interim basis, effective March 31, 2016, until a permanent replacement is named.As announced in January, Jeff Stafeil, who has served as executive vice president and chief financial officer since October 2012, is leaving the company to pursue other opportunities.Visteon's board of directors is in the process of conducting a search for a permanent chief financial officer.  Full Article

Visteon Corporation announces Chief Financial Officer Jeffrey M. Stafeil to leave company after appointment of successor
Tuesday, 26 Jan 2016 04:30pm EST 

Visteon Corporation:Says Jeffrey M. Stafeil, executive vice president and chief financial officer, will leave the company after the appointment of his successor.Stafeil has agreed to remain in the role to ensure an orderly transition until a successor is hired.  Full Article

AllGo Systems signs definitive agreement to be acquired by Visteon Corp
Tuesday, 12 Jan 2016 03:00pm EST 

AllGo Embedded Systems Pvt Ltd:Has signed a definitive agreement to sell its automotive business and become a 100% owned subsidiary of Visteon Corporation.Terms of the transaction were not disclosed.AllGoVision, the Video Analytics business unit of AllGo Systems, is not included in the transaction and will be spun off to operate as an independent company.  Full Article

Visteon declares special cash distribution; authorizes $500 million share repurchase program
Thursday, 10 Dec 2015 06:55am EST 

Visteon Corp:Board has declared a special cash distribution in the amount of $43.40 per share.Record date for the distribution is Jan. 15, 2016, and it will be payable on Jan. 22, 2016.Board authorized a share repurchase program of up to $500 million through Dec. 31, 2016.  Full Article

Visteon Corp signs agreement to sell interiors operation in Germany
Friday, 30 Oct 2015 04:15pm EDT 

Visteon Corp:Signed an agreement to sell its non-core automotive interiors plant in Berlin, currently held by Visteon Deutschland GmbH and APTUS GmbH, to APCH Automotive Plastic Components Holding GmbH (APCH), effective Dec. 1.Terms were not disclosed.Says transaction has no impact on Visteon electronics facilities in Germany.  Full Article

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BRIEF-Visteon seeks to amend $350 mln term loan due in 2021

* It is seeking to amend and extend its $350 million term loan due in 2021 to a new seven-year term loan maturing in 2024